Alfa Laval is offering to purchase an additional 13 percent of Alfa Laval India
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has today announced a public offer to increase its share in Alfa Laval (India) Ltd. The intention is to increase the holding with approximately 13 percentage points to approximately 90 percent through this offer.
The Alfa Laval Group today holds about 77 percent of Alfa Laval (India) Ltd., listed on the stock market in Mumbai. Through a public offer of 950 rupees per share Alfa Laval intends to increase its share stake to 89.9 percent of the company.
The offer is aimed at the minority shareholders of Alfa Laval (India) Ltd. and corresponds to approximately 2.4 million shares. The offer price represents a total value of approximately SEK 350 million. The whole process is estimated to be finalized during January 2009.
About Alfa Laval
Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling.
The company’s equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce food and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol.
Alfa Laval’s products are also used in power plants, aboard ships, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications.
Alfa Laval’s worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena.
Alfa Laval is listed on the Nordic Exchange, Nordic Large Cap, and, in 2007, posted annual sales of about SEK 25 billion (approx. 2.7 billion Euros). The company has some 12,000 employees.
For more information please contact:
Senior Vice President, Communications
Tel: + 46 46 36 72 31
Mobile: +46 709 33 72 31
Investor Relations Manager
Tel: +46 46 36 74 82
Mobile: +46 709 78 74 82
Alfa Laval AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 15.15 on October 23, 2008.